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Caspian, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
600
Population
$32,794
Median Income
$79,100
Home Value
49.0
Median Age

Demographics

Caspian has a population of 600 with a median age of 49.0. Here is the racial and ethnic breakdown of the population:

White
80.5%
Other
18.3%
Asian
1.0%
Demographic Value
Total Population600
Median Age49.0
White80.5%
Black or African American0.2%
Asian1.0%
Other / Two or More Races18.3%
Caspian, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 80.5%Other: 18.3%Other: 1.2%600PopulationWhiteWhite80.5%OtherOther18.3%OtherOther1.2%

Income & Economy

The median household income in Caspian is $32,794, which is 59.3% below the national median of $80,610. The per capita income is $26,914. The poverty rate is 35.3%.

$32,794
Median Household Income
$26,914
Per Capita Income
35.3%
Poverty Rate

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Education

In Caspian, 86.8% of residents age 25+ have a high school diploma or higher, and 12.7% hold a bachelor's degree or higher (4.8% with a graduate or professional degree).

HS Diploma+
86.8%
Bachelor's+
12.7%
Graduate+
4.8%
Education Level % of Adults (25+)
High School Diploma or Higher86.8%
Bachelor's Degree or Higher12.7%
Graduate or Professional Degree4.8%

Housing

The median home value in Caspian is $79,100, below the national median of $303,400. The median monthly rent is $665. The homeownership rate is 75.3%.

$79,100
Median Home Value
$665/mo
Median Rent
75.3%
Homeownership Rate
Housing Metric Value
Median Home Value$79,100
Median Monthly Rent$665
Homeownership Rate75.3%
Vacancy Rate19.8%

Salaries in Michigan

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Caspian, Michigan?
The population of Caspian, Michigan is 600 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Caspian, Michigan?
The median household income in Caspian, Michigan is $32,794. This is 59.3% below the national median of $80,610.
What is the median home value in Caspian, Michigan?
The median home value in Caspian, Michigan is $79,100. The median monthly rent is $665.
What percentage of people in Caspian have a college degree?
In Caspian, Michigan, 12.7% of adults age 25 and older hold a bachelor's degree or higher, and 86.8% have a high school diploma or higher.
Is Caspian, Michigan an affordable place to live?
The home price-to-income ratio in Caspian, Michigan is 2.4x (median home value $79,100 vs. median income $32,794), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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